SINGAPORE - Two EY executives in Singapore have been appointed interim judicial managers of Ocean Tankers, the accounting firm said on Tuesday, following a Singapore court hearing to consider the shipping company's request to appoint independent managers.
Lim Chee Meng, director at Ocean Tankers and Hin Leong Trading , said in a court filing dated May 11 that the shipping firm could continue to operate under judicial management, though HLT's financial difficulties could have an impact on its business in due course. HLT owes $3.8 billion to 23 banks, according to a company presentation to lenders on April 14, contained in an affidavit in court filings.
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